Wheat prices rise in the US on Monday morning.

At 9:46 am (Brasilia time) this Monday (20), the May wheat contract traded on Chicago Board of Trade (CBOT) It was trading moderately higher, up 3.25 points and 0.55%, quoted at US$ cents 594.50/bushel. Kansas City Bank Exchange (KCBT)The grain advanced 5.75 points and 0.90%, to US$ cents 642.50/bushel. In the last trading session (17), the cereal futures closed down 1.21% in CBOT and 0.93% in KCBT, quoted at 591.25/bushel and 636.75/bushel, respectively. On the other hand, both assets closed the week with accumulated gains of 3.55% and 7.79%, respectively. This morning, cereal prices were driven by the increase in geopolitical tensions in the region of Strait of Hormuzno Middle EastIn addition to the continuity of Climate concerns in wheat-producing regions of the United States.During the weekend, the US military forces seized an Iranian ship.The government of Tehran promised to retaliate, which puts the durability of at risk ceasefire newly woken up. Furthermore, the group terrorist Hezbollah It has once again attacked Iranian military vehicles on the border between the Lebanon and IsraelWe already USAFarmers remain concerned about the extreme weather conditions in the North American plains regionIn the states of Minnesota, Wyoming, South Dakota, Nebraska, Colorado, and Kansas, warnings have been issued for extremely dry weather and strong gusts of wind, according to the… National Meteorological Service of the country. Later, the U.S. Department of Agriculture (USDA) The department will report its weekly assessment of crop stages and conditions in the United States. Additionally, the department will also release its weekly export report.

This text was translated by machine from Brazilian Portuguese.